The Greedy Trader Weekly Analysis
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Johnson & Johnson
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtBearish Advance Block Candlestick20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Johnson & Johnson (JNJ). During the week, the JNJ gained 4.66 points, or 3.31%, and closed at 145.34 on Friday, November 09, 2018. Weekly volume was -12% below average.

JNJ is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See JNJ long-term trend chart]
A long-term downtrend had started on January 17, 2018 at 148.32 and reached 118.62 on May 29, 2018. JNJ lost 29.70 points, or 20.02%, in 18 weeks. The price is now at the 89.97% retracement level.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on May 29, 2018 at 118.62 and reached 145.79 on November 8, 2018. JNJ gained -27.17 points, or -22.91%, in 23 weeks. Price is near the trend high.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See JNJ short-term trend chart]
A short-term uptrend had started on October 25, 2018 at 135.05 and reached 145.79 on November 8, 2018. JNJ gained -10.74 points, or -7.95%, in 14 days. Price is near the trend high.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since October 29, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See JNJ candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.16
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 95.63
Strong Overbought
Greed/Fear Indicator (GFI) 87.56
Overbought
Moving Average Converg./Diverg. (MACD) 1.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.81
Bearish
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 67.07
Bearish
Greed/Fear Indicator (GFI) 75.10
Moving Average Converg./Diverg. (MACD) 2.11 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 146.63
Daily Stochastic Crossing 145.54
Price 145.34
Parabolic System 142.17
Weekly Stochastic Crossing 141.72
20 Day Moving Average 139.95
50 Day Moving Average 139.06
Lower Bollinger Band 135.01
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 135.05
Low Date 10/25/2018
High 145.79
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.23
Low Date 10/12/2018
High 145.79
High Date 11/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.62
Low Date 05/29/2018
High 145.79
High Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 148.32
High Date 01/17/2018
Low 118.62
Low Date 05/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.25
Low Date 03/09/2009
High 148.32
High Date 01/17/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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